Private Loan Database

Gender/Race/Ethnicity restrictions

This fund distributes yearly, interest-free loans up to $5,000 to medical students, preferably of the Jewish faith, who demonstrate significant financial need. Loan recipients are asked to begin repayment of the loan within five years of graduation. Applications and information.  Application deadline: May 15th.

Scholarships and loans are offered by ABWA through the Stephen Bufton Memorial Fund. Scholarships include the $3,000 President's Scholarship and the Glorine Tuohey Memorial Scholarship for $3,000, which are awarded annually.The $10,000 Ruth H. Bufton Scholarship is awarded each odd-numbered year; the $10,000 Hilary A. Bufton Jr. Scholarship is awarded each even-numbered year. Candidates for special scholarships need not be sponsored by a chapter and information about the scholarship is mailed to designated universities each year. More Information.  Application deadline: May 15.

AMWA honors the memory of Anne C. Carter, MD, with an annual award for outstanding student leadership. The recipient will receive $1000, and the nominating chapter, if applicable, will also receive $1000. The awardee must be present at the Awards Presentation Ceremony at AMWA's Annual Meeting in March.  Details can be found here.  Application deadline: November 5.

Applicants must be a minority student who is a US Citizen and a permanent resident of California. The student must also be enrolled full time in a fully accredited institution, demonstrate financial need and academic standing. Second-year students may apply for awards up to $2,500; third- and fourth-year student may apply for awards up to $5,000. Loans are interest free until repayment begins in the fourth month after internship completion. Interest charged is prime +3%. Obtain an application by contacting: Charles Drew Scholarship Loan Fund, PO Box 431427, Los Angeles CA 90043.

This fund is an interest-free loan ranging from $2,000-$5,000 for medical and law school students based on financial need. Preference is given to students who live in the Greater Philadelphia area and of the Jewish faith. Must be enrolled in an accredited local law or medical school. Repayment begins with five years of graduation. Applications and Information.  Application deadline: May 15.

General

Eligible students may apply for interest-free loans if they are U.S. citizens in a fully accredited school. Applications are accepted from January 1-May 15. Applications may be downloaded from the Foundation's website at Bill Raskob Foundation.

Loans are for 3rd and 4th year medical students in good academic standing who need financial assistance for completion of their education. Interest rate is 2% per year, with payments beginning one year from graduation with entire principal balance due in ten years from graduation from medical studies. Contact AMS OFA or robert.self@ustrust.com. Mail application to Robert Self, VP, US Trust, Attn:  Charles A Lauffer Scholarship Fund, 110 Westminster Street (RI1-536-05-03), Providence, RI  02903.  Application deadline:  June 15.

The Foundation offers loans to graduate students at any accredited school in the US; however, first consideration is given to students from Western Illinois and Eastern Iowa. Loans are renewed yearly without reapplying. Repayment begins one year after graduation; interest rate is 5.5%.  More Information.    Application deadline:  May 1.

Eligibility criteria for these interest-free loans are: US citizenship; qualified for financial need (must complete FAFSA); be enrolled in a school in the state in which the student resides; demonstrate academic excellence.  More Information.  Application deadline:  April 1.

Fourth-year medical students may borrow up to $15,000 for one year. Interest rates are fixed or variable, and repayment options include interest-only payments for the first 24 months of the loan up to the first year of medical practice. Mail Application to National Association of Residents & Interns , Hillsboro Executive Center North, 350 Fairway Drive, Suite 200, Deerfield Beach, FL 33441-1834. Or, fax it to (954) 571-8582.  Download Application. For questions call (800)221-2168.

State Residency requirement

A variety of loans and repayment programs are available to Alaska residents who attend fully accredited graduate school. More Information.  

Medical students who are Delaware residents for at least one year may apply for loans. Awards range from $2,500 to $9,000 annually and are based on financial need. Loans are interest free until graduation from medical school; thereafter, interest charged is based on prime rate. Applications and information.  Application deadline: May 15.

Medical students who are legal residents of the Triad region of North Carolina are eligible to apply for interest-free loans. Limit of $1000 for first year, and $2000 for remaining years, with a $5000 cap per individual. Personal interview with a Trustee required before acceptance. Repayment begins four months after graduation in monthly installments. Contact Brenda Henley: PO Box 1735, Greensboro, NC 27402; (336) 292-7899; or BHenley369@aol.com with questions or to request an application by mail. Application deadline is April 28.

Loans are available to Mississippi residents of good character who are enrolled in an accredited graduate program. Applicants must show need and promise of social and financial responsibility. Personal interviews are required to receive an application. Loans amounts up to $5,000 per year may be renewable. Payments on the principal are deferred until three months after graduation. Interest rate on amount borrowed is 6%.  More Information.

Residents (for at least 12 months) of Pennsylvania may apply for loans up to $7,000 annually. Deferment up to 5 years during residency training, with a repayment period of 10 years at an interest rate that will not exceed 6%. Other eligibility criteria include US citizenship, full-time enrollment in a US medical school, and good credit record. More Information. Application deadline:  May 15.

The Fund sponsors a loan program for North Dakota residents who are in an accredited graduate program. Loan amounts vary with fund availability. Repayment begins one year after graduation at an interest rate of 5% per year.  More Information.   Application deadline:  June 1.

One of many loans are available to Western Massachusetts residents and are interest free if repaid within the guidelines of Bank of America (formerly Fleet National Bank). Loans in the amount of $2,000 to $4,000 are awarded based on academic merit and financial need.  More Information.  Application deadline:  March 31.

The Finance Authority of Maine offers need-based loans to Maine residents who are enrolled in any accredited medical school in the U.S. Loan amounts up to $25,000 per year are available. Repayment is deferred until after graduation; loan forgiveness is possible if the borrower practices medicine in an underserved area of Maine.  Applicants must submit the FAFSA as soon as possible.  More Information and Application.  Application deadline:  May 30.  

Sponsored by the Hampden District Medical Society, the loan program offers $2,000 interest-free loans to students who are residents of Hampden County and enrolled in an accredited medical school. For an application, contact  MA Medical Society website.  Application deadline: September 15.

Eligible students for these grants are residents of Morris County, NJ, and third or fourth year medical students in an accredited U.S. or Canadian medical school. The maximum amount available to a borrower is $2,000. Loans are interest free until repayment begins, which may be two years after establishment of practice or five years after medical school graduation. Applicant must obtain letters of reference from 2 members of the medical society and one from the Dean of the medical school stating that the applicant is not in academic jeopardy. Send requests for information and application forms to mcms1816@aol.com.

Residents of Norfolk District Massachusetts are given preference for these $5,000 annual interest-free loans. Awarded to second or third year medical students.  Mass Med Website.  Application Deadline:  March 1.  

The OMTC administers the Rural Education Scholarship Loan Program to Oklahoma residents, licensed in OK, and who agree to practice medicine in Oklahoma communities with population less than 7,500. Eligible applicants are enrolled or accepted into a medical school and plan a career in primary care medicine. Loan amounts are $25,000 for first year, and $35,000 for each year thereafter. More Information.

Grants and interest-free loans are available to medical students who graduated from high schools in Harrisburg, Pennsylvania, metropolitan area. Applicants must be accepted into an accredited institution and must show initiative, desire for self-improvement, and financial need. Repayment begins three months after graduation and must be completed in a five-year period.  More Information.  Application deadline:  May 31.

Makes interest-free loans of up to $10,000 each year for no more than four years to meritorious students from Maryland whose families have adjusted gross incomes of less than $90,000. Contact: Central Scholarship website.   Application Deadline:  April 1.